UK GDP for the third quarter is expected
to rebound following strong sales during the Olympics. US durable goods are
also likely to strength for September, while the Chicago Fed Activity Index is
forecast to improve on last month.

Earlier
this morning the RBNZ echoed the Fed’s overnight decision by leaving its
Official Cash Rate unchanged at 2.5%. After the RBNZ it was back to sitting in
tight ranges for the rest of the session.

European
markets are expected to open flat Thursday ahead of a slew of European and US corporate results today. UK third quarter GDP and US durable goods orders data also due
today are likely to garner market attention.